GREATER Revitalization of Shopping Centers Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Aug 17, 2021)
Grayfield Redevelopment and Economic Advancement Through Effective Repurposing and Revitalization of Shopping Centers Act of 2021 or the GREATER Revitalization of Shopping Centers Act of 2021
This bill allows the Department of Housing and Urban Development (HUD) to make matching grants for projects financed under the Section 108 Loan Guarantee Program in an effort to eliminate blight associated with abandoned shopping centers.
The Section 108 Loan Guarantee Program allows HUD to provide loan guarantees to participating Community Development Block Grant recipients. These loan guarantees assist those recipients in financing economic and community development projects.
The bill requires the Government Accountability Office to report on the effectiveness of the program and to recommend improvements.
What just happenedAug 17, 2021
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseAug 17, 2021
- Aug 17, 2021IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Aug 17, 2021IntroReferralIntro-H
Introduced in House
- Aug 17, 2021IntroReferral1000
Introduced in House